Pumping the 2018 reverse proof Lincoln, they say it is an S-VDB since it is an S-mint with a VDB on the bust. And "much rarer" than the 1909-S VDB (based on mintage of course) and comparing the price. These guys really lay it on thick, trying to trick the average person into buying their stuff for an inflated price. Of course they like to emphasise that it is the rarest S-minted Lincoln EVER!

I know the stuff they sell is overpriced and overhyped but I still enjoy watching them pitch their wares. Of course I am not buying it from them but someone is. I think they are actually doing all of the rest of us a favor by getting coin related items out to the general public. Who knows, maybe a few new collectors come out of it also. That's a good thing.

Quote:And "much rarer" than the 1909-S VDB (based on mintage of course) and comparing the price.

Aside from the over hype that might actually be pretty close to true even based on survival. The S VDB is not remotely rare at all and was saved in huge numbers. PCGS and NGC have graded 10s of thousands of them and Lincolns have a lot of folders and rolls hidden away out there.

Quote:And they always have great bargains compared to "the leading numismatic catalogue".

Not just the coin guys. Almost all of the TV sales stuff is nuts. However, I did find myself once fooled into buying a Lap Top computer from HSN. It worked but I later found I had to buy any programs that normally come with computers. To this day I found I should never buy anything I see advertised on TV. I too like to watch Coin Shows on TV. Difficult to imagine people falling for something so easy to look up anywhere.

What's the old adage? Know your enemy. Worth watching them from time to time to understand how people get suckered and manipulated by hype. Selling products to those without knowledge of numismatics happens in other purchasing venues as well I would wager (shops, booths at shows) but these events are just not as publicly visible.

Quote: think they are actually doing all of the rest of us a favor by getting coin related items out to the general public. Who knows, maybe a few new collectors come out of it also. That's a good thing.

I disagree vehemently with this rosy line of thinking. When the buyers (or their heirs) go to "cash in" at a reputable dealer, the discovery that they can only eke out as little as like 10% of the purchase price will sour them on coin collecting forever.

There are a few decent TV sellers that aren't doing the hobby harm, but there are also too many hucksters, and this includes some of the mail order charlatans. After my mother's death, I discovered she had (without my knowledge or advice) bought a shipload of numismatic crap as an "investment" - I disposed of it (there was virtually nothing in this material worth keeping) knowing that the loss given what she must've paid was enormous. I see this all the time in the coin shops, folks bringing in inherited "collections" that to their shock are worth only a tiny fraction of the amount the receipts indicate was paid out.

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